CCSO vs. IWS

Last updated Jun 5, 2026

CCSO (Carbon Collective Climate Solutions U.S. Equity ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both exchange-traded funds - CCSO is a Mid Cap Blend Equities fund actively managed by Carbon Collective, while IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index. CCSO is actively managed, while IWS is passively managed. Over the past 3 years, CCSO returned 18.13%/yr vs 17.76%/yr for IWS. Their correlation of 0.81 suggests significant overlap in exposure. CCSO charges 0.35%/yr vs 0.23%/yr for IWS.

Performance

CCSO vs. IWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and iShares Russell Mid-Cap Value ETF (IWS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCSO achieves a 20.39% return, which is significantly higher than IWS's 15.54% return.

CCSO

• 1D: -0.01%
• 1M: 3.23%
• YTD: 20.39%
• 6M: 17.54%
• 1Y: 36.05%
• 3Y*: 18.13%
• 5Y*: —
• 10Y*: —

IWS

• 1D: 0.42%
• 1M: 3.06%
• YTD: 15.54%
• 6M: 15.33%
• 1Y: 27.98%
• 3Y*: 17.76%
• 5Y*: 8.46%
• 10Y*: 10.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCSO vs. IWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	20.39%	21.79%	3.89%	14.58%	-11.56%
IWS iShares Russell Mid-Cap Value ETF	15.54%	10.82%	12.91%	12.52%	2.13%

Correlation

The correlation between CCSO and IWS is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Sep 21, 2022	0.81

The correlation between CCSO and IWS has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

CCSO vs. IWS - Sectors Allocation Comparison

Sectors	CCSO	IWS
Industrials	53.5%	16.7%
Basic Materials	15.2%	5.4%
Consumer Cyclical	9.3%	8.4%
Technology	8.3%	16.5%
Energy	7.0%	8.1%
Utilities	6.2%	7.0%
Financial Services	0.4%	14.1%
Consumer Defensive	0.1%	4.8%
Communication Services	-	3.1%
Healthcare	-	7.3%
Real Estate	-	8.6%

Return for Risk

CCSO vs. IWS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCSO

CCSO Risk / Return Rank: 52
CCSO Sharpe Ratio Rank: 50
CCSO Sortino Ratio Rank: 48
CCSO Omega Ratio Rank: 45
CCSO Calmar Ratio Rank: 64
CCSO Martin Ratio Rank: 55

IWS

IWS Risk / Return Rank: 69
IWS Sharpe Ratio Rank: 65
IWS Sortino Ratio Rank: 67
IWS Omega Ratio Rank: 63
IWS Calmar Ratio Rank: 75
IWS Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCSO vs. IWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) and iShares Russell Mid-Cap Value ETF (IWS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CCSO	IWS	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.14	-0.44
Sortino ratio: Return per unit of downside risk	2.35	3.04	-0.69
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	3.12	3.73	-0.62
Martin ratio: Return relative to average drawdown	9.28	14.08	-4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCSO vs. IWS - Sharpe Ratio Comparison

The current CCSO Sharpe Ratio is 1.69, which is comparable to the IWS Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of CCSO and IWS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CCSO	IWS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.14	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.42	+0.12

Drawdowns

CCSO vs. IWS - Drawdown Comparison

The maximum CCSO drawdown since its inception was -23.69%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for CCSO and IWS.

Drawdown Indicators

	CCSO	IWS	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-62.40%	+38.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-7.53%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	-20.57%	-3.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.83%	—
Current Drawdown Current decline from peak	-1.27%	0.00%	-1.27%
Average Drawdown Average peak-to-trough decline	-7.01%	-8.02%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	1.99%	+1.90%

Volatility

CCSO vs. IWS - Volatility Comparison

Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) has a higher volatility of 7.15% compared to iShares Russell Mid-Cap Value ETF (IWS) at 3.27%. This indicates that CCSO's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCSO	IWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	3.27%	+3.88%
Volatility (6M) Calculated over the trailing 6-month period	16.47%	9.57%	+6.90%
Volatility (1Y) Calculated over the trailing 1-year period	21.38%	13.16%	+8.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.17%	17.30%	+5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	19.35%	+3.82%

CCSO vs. IWS - Expense Ratio Comparison

CCSO has a 0.35% expense ratio, which is higher than IWS's 0.23% expense ratio.

Dividends

CCSO vs. IWS - Dividend Comparison

CCSO's dividend yield for the trailing twelve months is around 0.53%, less than IWS's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	0.53%	0.63%	0.53%	0.80%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IWS iShares Russell Mid-Cap Value ETF	1.33%	1.53%	1.50%	1.76%	1.93%	1.39%	1.87%	1.97%	2.53%	1.96%	2.10%	2.14%

Frequently Asked Questions

Can I hold both CCSO and IWS in my portfolio?

CCSO and IWS have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCSO or IWS?

CCSO has higher volatility (7.15%) compared to IWS (3.27%). In terms of maximum drawdown, CCSO dropped -23.69% vs IWS's -62.40%.

Which ETF is better, CCSO or IWS?

On 3-year performance, CCSO leads with 18.13% vs 17.76% for IWS. On fees, IWS is cheaper at 0.23% per year. On volatility, IWS has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSO or IWS?

Over the 3-year period, CCSO has performed better with a 18.13% return vs 17.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSO or IWS?

IWS is cheaper with a 0.23% expense ratio, compared with 0.35% for CCSO.

Which ETF pays a higher dividend yield, CCSO or IWS?

IWS has the higher dividend yield at 1.33%, compared with 0.53% for CCSO.

What is the main difference between CCSO and IWS?

CCSO is categorized as Mid Cap Blend Equities, while IWS is Mid Cap Value Equities. They also come from different issuers: Carbon Collective and iShares. Their fees differ too: 0.35% for CCSO and 0.23% for IWS.

Which has better risk-adjusted returns?

IWS currently has the higher Sharpe Ratio (2.14 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.